A California jury has determined that Elon Musk defrauded Twitter shareholders during the period leading up to his $44 billion purchase of the social media platform, according to a verdict delivered on Friday.
CNBC reports that a California jury has ruled that Elon Musk misled Twitter investors in the months before completing his acquisition of the company in 2022. The verdict, issued on Friday in the class action lawsuit Pampena v. Musk , could result in damages reaching up to $2.6 billion, according to attorneys representing the plaintiffs.
The lawsuit was originally filed in October 2022, shortly after Musk finalized his purchase of Twitter…
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